KEI Industries Ltd.

•

kei-ind.comBSE: 517569NSE: KEI

Market Cap₹ 43,689 Cr.

Current Price

High / Low₹ 5,899 / 3,729

Stock P/E43.8

Book Value₹ 725

Price to Book5.79

Dividend Yield0.10 %

ROCE20.2 %

ROE14.8 %

Face Value₹ 2

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Cables: 93.3% • EPC Projects: 4.8% • Stainless Steel Wire: 1.8%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 27.8% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 23.1%
Latest quarter profit grew 40.0% YoY, showing strong momentum
Company has delivered good sales growth of 22.9% CAGR over last 5 years

CONS

Promoter holding has decreased over last 2 years: -2.1pp
Stock is trading at 5.8x its book value
Though reporting repeated profits, the company pays out little dividend (4.7%)
Rich enterprise valuation - EV/EBITDA of 26.8x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsElectricalsCable

Part ofNIFTYM150MOMNTM50 NIFTY500MOMENTM50 NIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100

S.No.	Name
1.	POLYCAB	8250.00	43.40	124320.56	0.57	796.65	32.84	8209.73	39.01	34.93	13.84
2.	KEI	4570.00	43.83	43689.47	0.10	274.14	40.05	3185.34	22.97	20.23	12.43
3.	DHOOTTRANS	1727.35	89.08	35332.61	0.00	1326.70	—	14464.15	—	24.14	15.10
4.	RRKABEL	2424.55	45.13	27423.00	0.39	205.20	128.59	3168.20	53.90	28.43	9.01
5.	FINCABLES	1423.25	27.20	21767.09	0.63	249.04	53.14	2013.15	44.26	16.06	14.16
6.	PRECWIRE	463.20	499.77	8467.59	0.27	46.45	71.48	1779.24	61.20	33.09	4.76
7.	UNIVCABLES	1492.85	25.85	5179.50	0.30	70.14	-78.69	945.06	57.46	11.69	13.80
8.	LASERPOWER	290.15	26.87	4072.79	0.00	207.32	—	5215.47	—	24.84	12.62
9.	ADVAIT	2061.30	38.43	2255.68	0.10	14.80	65.77	179.27	51.37	28.24	13.36
10.	DYCL	455.40	24.20	2206.81	0.11	249.53	1270.52	3491.01	1232.27	26.80	10.89
11.	PARACABLES	64.84	34.81	2121.82	0.00	19.70	6.49	529.40	17.35	16.62	6.56
12.	QUADFUTURE	479.35	0.00	1917.40	0.00	-9.13	32.36	40.59	41.27	-7.01	-8.25

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,781	1,945	2,059	2,330	2,065	2,284	2,472	2,915	2,590	2,726	2,955	3,476	3,185
	1,604	1,743	1,845	2,075	1,846	2,059	2,226	2,614	2,332	2,457	2,635	3,095	2,836
Operating Profit	176	202	215	255	219	225	246	301	258	269	320	382	350
OPM %	9.90%	10.40%	10.42%	10.95%	10.61%	9.84%	9.94%	10.34%	9.96%	9.88%	10.83%	10.98%	10.97%
	10	9	14	5	13	13	9	37	40	42	34	43	20
Interest	9	8	11	17	14	13	14	14	14	14	17	19	18
Depreciation	15	16	15	16	16	16	19	19	20	20	23	28	29
Profit before Tax	163	188	202	227	203	208	221	305	263	277	315	377	369
Tax %	25.53%	25.59%	25.57%	25.79%	25.89%	25.53%	25.49%	25.76%	25.64%	26.60%	25.36%	24.62%	25.74%
Net Profit	121	140	151	169	150	155	165	227	196	204	235	284	274
	13.46	15.54	16.70	18.70	16.65	17.16	17.87	23.71	20.49	21.30	24.57	29.74	28.68

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,628	3,459	4,227	4,884	4,181	5,727	6,908	8,121	9,736	11,748	12,343
	2,359	3,120	3,785	4,388	3,726	5,138	6,206	7,267	8,757	10,519	11,022
Operating Profit	269	338	442	496	455	589	702	854	979	1,229	1,321
OPM %	10.23%	9.78%	10.46%	10.16%	10.89%	10.28%	10.16%	10.52%	10.06%	10.46%	10.70%
	10	9	7	16	20	15	32	32	83	159	139
Interest	124	111	136	129	57	40	35	44	56	64	67
Depreciation	28	32	34	57	58	55	57	61	70	91	100
Profit before Tax	126	204	279	327	360	508	642	781	937	1,232	1,338
Tax %	25.68%	29.19%	34.88%	21.91%	25.21%	25.90%	25.65%	25.63%	25.67%	25.47%	25.51%
Net Profit	94	145	182	255	270	376	477	581	696	918	997
EPS	11.80	18.19	22.88	31.05	29.76	41.59	52.87	64.39	72.88	96.07	—
Dividend Payout %	4.97%	5.42%	5.21%	5.26%	6.67%	5.99%	5.67%	5.44%	5.49%	4.68%	—

COMPOUNDED SALES GROWTH

10 Years:: 18%
5 Years:: 23%
3 Years:: 19%

COMPOUNDED PROFIT GROWTH

10 Years:: 31%
5 Years:: 28%
3 Years:: 24%

STOCK PRICE CAGR

10 Years:: 45%
5 Years:: 42%
3 Years:: 21%
1 Year:: 12%

RETURN ON EQUITY

10 Years:: 21%
5 Years:: 18%
3 Years:: 17%
Last Year:: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	16	16	18	18	18	18	18	19	19
	439	583	759	1,476	1,744	2,110	2,564	3,119	5,757	6,640
	813	841	599	381	328	352	157	166	228	350
Trade Payables	481	627	1,020	1,169	741	763	748	1,008	779	1,335
	187	215	380	226	176	284	283	345	451	612
Total Liabilities	1,935	2,282	2,775	3,271	3,008	3,527	3,770	4,656	7,235	8,956
	405	407	489	554	537	531	567	770	993	1,686
Capital Work in Progress	3	23	32	11	7	17	15	121	385	1,002
	3	3	2	1	1	2	1	2	2	2
	499	556	690	864	763	1,079	1,102	1,343	1,730	2,401
	0	0	0	0	0	0	0	1,518	1,797	1,842
Cash & Bank	33	76	195	214	221	360	537	701	1,915	1,513
	992	1,217	1,368	1,627	1,479	1,538	1,548	202	411	510
Total Assets	1,935	2,282	2,775	3,271	3,008	3,527	3,770	4,656	7,235	8,956

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2	242	710	82	244	353	691	611	-32	840
Cash from Investing	-63	-76	-275	11	75	-58	-137	-353	-1,501	-350
Cash from Financing	229	-68	-386	99	-129	-31	-256	-72	1,919	-98
	137	45	-37	97	101	139	121	186	386	392

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	37.08	37.06	35.02	35.02	35.02	35.00	35.00	35.00	35.00
	30.75	31.11	29.75	25.83	26.59	25.82	25.49	27.27	27.32
	16.56	16.01	20.72	23.51	25.63	26.71	27.27	25.83	25.90
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	15.61	15.83	14.51	15.64	12.76	12.46	12.24	11.90	11.78

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - KEI Industries Limited has informed the Exchange about Schedule of meet

2026-09-07

Copy of Newspaper Publication

2026-09-07 - KEI Industries Limited has informed the Exchange about Disclosure pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015.

2026-09-05

Shareholders meeting

2026-09-05 - KEI Industries Limited has informed the Exchange regarding Submission of AGM Notice for the Financial Year 2025-26.

2026-09-01

Reply to Clarification- Financial results

2026-09-01 - The Exchange had sought clarification from KEI Industries Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

2026-08-31

Updates

2026-08-31 - KEI Industries Limited has informed the Exchange regarding 'Disclosure pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

2026-08-28

Clarification - Financial Results

2026-08-28 - The Exchange has sought clarification from KEI Industries Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.

2026-08-24

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-24 - KEI Industries Limited has informed the Exchange about Schedule of meet

2026-08-14

General Updates

2026-08-14 - KEI Industries Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - KEI Industries Limited has informed the Exchange about Transcript of Analysts/Investors Call pertaining to the Un-audited Financial Results for the quarter ended on June 30, 2026.

News

Recent coverage and analyst commentary for KEI

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KEI Industries Ltd.

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Free 5nance Account

Name

POLYCAB

8250.00

43.40

124320.56

0.57

796.65

32.84

8209.73

39.01

34.93

13.84

KEI

4570.00

43.83

43689.47

0.10

274.14

40.05

3185.34

22.97

20.23

12.43

DHOOTTRANS

1727.35

89.08

35332.61

0.00

1326.70

—

14464.15

—

24.14

15.10

RRKABEL

2424.55

45.13

27423.00

0.39

205.20

128.59

3168.20

53.90

28.43

9.01

FINCABLES

1423.25

27.20

21767.09

0.63

249.04

53.14

2013.15

44.26

16.06

14.16

PRECWIRE

463.20

499.77

8467.59

0.27

46.45

71.48

1779.24

61.20

33.09

4.76

UNIVCABLES

1492.85

25.85

5179.50

0.30

70.14

-78.69

945.06

57.46

11.69

13.80

LASERPOWER

290.15

26.87

4072.79

0.00

207.32

—

5215.47

—

24.84

12.62

ADVAIT

2061.30

38.43

2255.68

0.10

14.80

65.77

179.27

51.37

28.24

13.36

DYCL

455.40

24.20

2206.81

0.11

249.53

1270.52

3491.01

1232.27

26.80

10.89

PARACABLES

64.84

34.81

2121.82

0.00

19.70

6.49

529.40

17.35

16.62

6.56

QUADFUTURE

479.35

0.00

1917.40

0.00

-9.13

32.36

40.59

41.27

-7.01

-8.25

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,781

1,945

2,059

2,330

2,065

2,284

2,472

2,915

2,590

2,726

2,955

3,476

3,185

1,604

1,743

1,845

2,075

1,846

2,059

2,226

2,614

2,332

2,457

2,635

3,095

2,836

Operating Profit

176

202

215

255

219

225

246

301

258

269

320

382

350

OPM %

9.90%

10.40%

10.42%

10.95%

10.61%

9.84%

9.94%

10.34%

9.96%

9.88%

10.83%

10.98%

10.97%

Interest

Depreciation

Profit before Tax

163

188

202

227

203

208

221

305

263

277

315

377

369

Tax %

25.53%

25.59%

25.57%

25.79%

25.89%

25.53%

25.49%

25.76%

25.64%

26.60%

25.36%

24.62%

25.74%

Net Profit

121

140

151

169

150

155

165

227

196

204

235

284

274

13.46

15.54

16.70

18.70

16.65

17.16

17.87

23.71

20.49

21.30

24.57

29.74

28.68

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,628

3,459

4,227

4,884

4,181

5,727

6,908

8,121

9,736

11,748

12,343

2,359

3,120

3,785

4,388

3,726

5,138

6,206

7,267

8,757

10,519

11,022

Operating Profit

269

338

442

496

455

589

702

854

979

1,229

1,321

OPM %

10.23%

9.78%

10.46%

10.16%

10.89%

10.28%

10.16%

10.52%

10.06%

10.46%

10.70%

159

139

Interest

124

111

136

129

Depreciation

100

Profit before Tax

126

204

279

327

360

508

642

781

937

1,232

1,338

Tax %

25.68%

29.19%

34.88%

21.91%

25.21%

25.90%

25.65%

25.63%

25.67%

25.47%

25.51%

Net Profit

145

182

255

270

376

477

581

696

918

997

EPS

11.80

18.19

22.88

31.05

29.76

41.59

52.87

64.39

72.88

96.07

—

Dividend Payout %

4.97%

5.42%

5.21%

5.26%

6.67%

5.99%

5.67%

5.44%

5.49%

4.68%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

439

583

759

1,476

1,744

2,110

2,564

3,119

5,757

6,640

813

841

599

381

328

352

157

166

228

350

Trade Payables

481

627

1,020

1,169

741

763

748

1,008

779

1,335

187

215

380

226

176

284

283

345

451

612

Total Liabilities

1,935

2,282

2,775

3,271

3,008

3,527

3,770

4,656

7,235

8,956

405

407

489

554

537

531

567

770

993

1,686

Capital Work in Progress

121

385

1,002

499

556

690

864

763

1,079

1,102

1,343

1,730

2,401

1,518

1,797

1,842

Cash & Bank

195

214

221

360

537

701

1,915

1,513

992

1,217

1,368

1,627

1,479

1,538

1,548

202

411

510

Total Assets

1,935

2,282

2,775

3,271

3,008

3,527

3,770

4,656

7,235

8,956

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

242

710

244

353

691

611

-32

840

Cash from Investing

-63

-76

-275

-58

-137

-353

-1,501

-350

Cash from Financing

229

-68

-386

-129

-31

-256

-72

1,919

-98

137

-37

101

139

121

186

386

392

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

37.08

37.06

35.02

35.00

30.75

31.11

29.75

25.83

26.59

25.82

25.49

27.27

27.32

16.56

16.01

20.72

23.51

25.63

26.71

27.27

25.83

25.90

Government

0.00

15.61

15.83

14.51

15.64

12.76

12.46

12.24

11.90

11.78

KEI Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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KEI Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI